Hello Traders as see in the chart pinned here the down move was an ending diagonal which broke to the up side as it does 90% of the time . Now we wait for a corrective structure to confirm the start of an up trend. Remember just drawing lines on a chart has NO meaning !! It is not about the lines you put , it'a all about the STRUCTURE!! So drawing lines without understanding what structure you are looking for is as good as driving but not knowing where you are going!
Hey anil, just a quick clarification. If the market comes back into the ending diagonal pattern, will that be considered a false breakout in the pattern?
anilmangal
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There is nothing like "false breakout", if the price went there it is true. An up move does not means the start of a trend , if read carefully I said I need a corrective structure to confirm the start of an up trend.
moneymaking
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Alright, great. Thank you for the feedback, appreciate it. All the BEST :)
GoodLuckbabe
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i am agree with you sir its only become clear when correction gonna end